Volkswagen India

MUMBAI: Volkswagen Group India registered a growth of 21.6% by delivering 34,126 cars from January to March 2012 as compared to 28,072 cars during the same time period last year. "With the growth of 21.6%, we are on course towards further strengthening the position of the Volkswagen Group in India," said John Chacko Volkswagen Group Chief Representative India and President and Managing Director, Volkswagen India . With its headquarters in Pune, Maharashtra, the Volkswagen Group is...

The Volkswagen Group, which has revenues of $197 billion, is aiming for global market leadership in the passenger vehicle market by 2018. India contributes a mere 1% of VW's overall global sales. However, this could change as Europe's largest car maker is finally getting back into the investment mode in India. Having worked for global majors like GM , Toyota and Renault-Nissan , Thierry Lespiaucq joined Volkswagen...

NEW DELHI: Volkswagen India's topmost marketing team has quit, and the company's newly-appointed CEO is poaching from rival Maruti to stem an alarming slide in sales and revive the carmaker's ambition of cornering a 10 per cent market share in the next two years. Neeraj Garg , director and member of Volkswagen's passenger cars division and the man responsible for the firm's six brands in the country, has expressed his desire to quit. He has been promoted and offered...

MUMBAI: With festive season round the corner, German car major, Volkswagen India plans to bring in the refreshed versions of Polo and Vento to bring in some excitement in highly suppressed buying environment. Aiming to offer, higher value to the customers, Volkswagen India will now be launching the top end, Highline variants of Polo and Vento at Rs 20,000 to Rs 50,000 lower, yet adding host of features like Bluetooth...

MUMBAI: Sharing of car platforms and technology is common, especially among alliance partners like Volkswagen-Skoda and Renault-Nissan. But the concept hasn't delivered the desired result in India so far, because of a very thin line of differentiation between models, and the auto makers are correcting their strategies. Renault and Nissan have already decided that they won't do any more cross badging from the Franco-Japanese alliance in India. The Volkswagen...

Mumbai: Sharing of car platforms and technology is common, especially among alliance partners like Volkswagen-Skoda and Renault-Nissan. But the concept hasn't delivered the desired result in India so far, because of a very thin line of differentiation between models, and the auto makers are correcting their strategies. Renault and Nissan have already decided that they won't do any more cross badging from the Franco-Japanese...

MUMBAI: The Indian subsidiaries of Volkswagen and Toyota Kirloskar have initiated a major reshuffle of the top management , as the two car makers take fresh guard to tackle the slowdown in the market place with a new leadership at the steering wheel. ET learns that Gerasimos (Gerry) Dorizas, the chief representative of Volkswagen Group India and president & MD of Volkswagen Group Sales India, has stepped down from his position on "personal...

MUMBAI: Barring Maruti Suzuki and Hyundai Motors — the market leader and the runner up — all other car makers in top 10 in sales and market share have seen a change in their fortunes, in what has been a calamitous year for some. Honda Cars is the biggest gainer having posted over 80% growth and has pierced into the top five position among carmakers. The major shake up in market share pecking order, however, has the top two...

MUMBAI: In one of the largest commercial lease transactions this year, German automobile maker Volkswagen has picked up over 1 lakh sq ft office space in the Andheri suburb of Mumbai to shift its India headquarters from Bandra-Kurla Complex, said two persons familiar with the development. The lease transaction with tenure of five years with an option to extend it by another five years has been concluded at Rs 130 per sq ft a month. The German...

MUMBAI: Sharing of car platforms and technology is common, especially among alliance partners like Volkswagen-Skoda and Renault-Nissan. But the concept hasn't delivered the desired result in India so far, because of a very thin line of differentiation between models, and the auto makers are correcting their strategies. Renault and Nissan have already decided that they won't do any more cross badging from the...

CHENNAI: A high-level team from German auto major Volkswagen visited Chennai on Wednesday and apprised chief minister J Jayalalitha of the company's plans to locate a car manufacturing plant in India, for which Chennai is being considered an important location. According to an official press release, Helmuth Schuster, head, India project team, discussed the project details with Ms Jayalalitha as well as senior officials. The chief minister has assured necessary support for the...

CHENNAI: Automobile maker Hindustan Motors today said it is examining the order by the Competition Commission of India levying a fine of Rs 13.85 crore on the company, and would take "appropriate steps" to protect its interest in this regard. Hindustan Motors, the manufacturers of the famous Ambassador range of cars, in a BSE filing, said, "the company is one of the parties against which the order has been issued. The Competition Commission of India has...

NEW DELHI: Country's largest carmaker Maruti Suzuki India today said it would challenge the penalty imposed on it by CCI for violation of trade norms in the spare parts and after services market. "I believe what CCI has done (is) that they have not understood the entire issue of spare parts of cars. What they are saying may apply to other industries (but not in auto)...There is a lack of understanding of the difference. (The auto) industry by its nature is...

Mahindra & Mahindra NEW DELHI: Auto majors Mahindra & Mahindra and Tata Motors today said they would challenge the CCI penalty on them for violation of trade norms in the spare parts and after services market. Reacting to the Competition Commission of India's (CCI) order that yesterday slapped a total penalty of Rs 2,545 crore on 14 car makers in India, the two companies said they would file appeals against the order "before the appropriate...

BANGALORE: Infosys CEO Vishal Sikka will deliver the first keynote address at the first edition of Cebit India to be held in Bangalore in November. Other big names speaking at the event include Mark P McDonald, MD and digital business strategy lead in Accenture, Helmut Schutt, CIO of Daimler trucks, buses and vans, Kumud Srinivasan, president of Intel India, and Norbert Schroeder, technical development head at Volkswagen India. "We wanted somebody to represent new...

NEW DELHI: German carmaker Volkswagen plans to invest Rs 1,500 crore in India over the next 6 years on various activities, including local production of engines, as it aims to consolidate position in the country. The company, which today launched an updated version of its premium hatchback Polo priced between Rs 4.99 lakh and Rs 7.37 lakh (ex-showroom Delhi) intends to invest on enhancing localisation as well as development of new...

NEW DELHI: Reflecting the woes of the Indian automobile industry, the country's car exports remained flat at 5,50,466 units in 2013-14, during which domestic sales fell for the second consecutive year. Car exports stood at 5,47,222 units in 2012-13, according to data from the Society of Indian Automobile Manufacturers (SIAM). Hyundai Motor India Ltd (HMIL) and Maruti Suzuki India (MSIL), two of the biggest car exporters, posted a decline in shipments, while...

NEW DELHI/MUMBAI: Given the result in Rio on Monday, the biggest party in Delhi just had to be at the Germany embassy, where ambassador Michael Steiner presided over some 900 revellers who'd come to watch the live telecast of the World Cup final on giant screens. "I think I will not be able to sleep tonight," a beaming Steiner told ANI after Germany defeated Argentina 1-0 at the end of two nerve-wracking hours, echoing what must have been a universal sentiment among...

MUMBAI: German auto group Volkswagen today said it plans to reduce energy consumption at its Pune production facility by 436 megawatt hour per annum by equipping the assembly line with high-volume low-speed fans. Besides, the car maker also aims to reduce water usage at the facility by 1636 cubic meter annually as part of its " Think Blue . Factory" initiatives for sustainable automotive production programme. The 436 megawatt hour energy savings amounts to...